Published On: Tue, Apr 23rd, 2019

NAGICO Insurances takes over portfolio of Sagicor Life Inc. in St. Maarten

NAGICO Insurances building

PHILIPSBURG — On Monday, April 8th, 2019, NAGICO Life Insurance N.V. and NAGICO Insurances issued a press statement wherein they announced that they had taken over the portfolio of Sagicor Life Inc. The press statement made clear that it was business as usual for the policyholders of Sagicor.

Following is the integral content of the press statement:

Effective 8 April 2019, NAGICO LIFE INSURANCE N.V. AND NATIONAL GENERAL INSURANCE CO. N. V. (“NAGICO INSURANCES”) assumed a portfolio of business from Sagicor Life Inc.

The transition from Sagicor Life Inc. to NAGICO Insurances will be a smooth one for customers as NAGICO Insurances advises that policyholders should continue to correspond with and remit their premiums to their Agent as they will continue to administer the policies. However, in the event policyholders wish to contact NAGICO Insurances directly they should send their correspondences to Neetu Lalwani at NAGICO Life Insurance N.V. for Life and Pensions and to Christopher Hunte at National General Insurance Co. N.V. for Health.

The office of NAGICO Insurances is situated at C.A. Cannegieter Street, Philipsburg, St. Maarten and the key contacts referred to above can also be reached via telephone: 1-721-542-2739 and email neetu.lalwani@nagico.com and christopher.hunte@nagico.com.

“NAGICO Insurances prides itself on being fast and responsive and making the customer experience simple, hassle-free and enjoyable. We look forward to welcoming these new policyholders into the NAGICO Family and providing them with a high level of service, security and stability.” said Detlef Hooyboer the Group Chief Executive Officer.

As is traditional, each policyholder will receive individualized communication from NAGICO Insurances as it relates to their policies.

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About NAGICO Group
Founded in 1982, The NAGICO Group provides a variety of property and casualty as well as life and health products and risk solutions to its customers throughout the Caribbean. The company’s risk adjusted capital is at the strongest level as per AM Best’s Capital Adequacy Rating Guidelines. Headquartered in Philipsburg, Sint Maarten, the company is one of the strongest insurers in the region. To learn more about NAGICO, visit www.nagico.com.